Lbp Am Sa Purchases 44,737 Shares of Intuitive Machines, Inc. (NASDAQ:LUNR)

Lbp Am Sa grew its position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 62.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 116,603 shares of the company's stock after buying an additional 44,737 shares during the period. Lbp Am Sa owned approximately 0.07% of Intuitive Machines worth $869,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its stake in shares of Intuitive Machines by 3.7% in the fourth quarter. Bank of New York Mellon Corp now owns 70,740 shares of the company's stock valued at $1,285,000 after acquiring an additional 2,499 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Intuitive Machines by 751.3% in the 4th quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company's stock valued at $70,000 after purchasing an additional 3,381 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in Intuitive Machines by 201.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company's stock valued at $90,000 after purchasing an additional 3,300 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Intuitive Machines by 5.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 109,761 shares of the company's stock worth $1,993,000 after purchasing an additional 5,970 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new position in shares of Intuitive Machines during the fourth quarter worth approximately $183,000. Institutional investors own 72.21% of the company's stock.

Intuitive Machines Stock Up 2.9%

NASDAQ:LUNR opened at $11.18 on Friday. The firm has a market capitalization of $2.00 billion, a PE ratio of -4.10 and a beta of 1.41. Intuitive Machines, Inc. has a twelve month low of $3.15 and a twelve month high of $24.95. The stock's 50-day simple moving average is $10.84 and its 200 day simple moving average is $12.85.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.10). The company had revenue of $62.52 million for the quarter, compared to the consensus estimate of $66.07 million. On average, analysts anticipate that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Kamal Seyed Ghaffarian sold 161,016 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $12.10, for a total transaction of $1,948,293.60. Following the sale, the director owned 3,494,768 shares in the company, valued at $42,286,692.80. The trade was a 4.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Peter Mcgrath sold 72,168 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $12.00, for a total value of $866,016.00. Following the completion of the transaction, the chief financial officer owned 366,824 shares of the company's stock, valued at $4,401,888. This represents a 16.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 311,344 shares of company stock valued at $3,591,223 over the last quarter. 39.75% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

LUNR has been the subject of several recent research reports. Benchmark reiterated a "buy" rating and issued a $16.00 price target on shares of Intuitive Machines in a research note on Tuesday, March 25th. Cantor Fitzgerald lifted their price objective on Intuitive Machines from $13.00 to $16.00 and gave the company an "overweight" rating in a report on Wednesday, May 14th. Roth Capital reiterated a "buy" rating on shares of Intuitive Machines in a research report on Tuesday, May 13th. Barclays began coverage on Intuitive Machines in a research report on Thursday, May 22nd. They issued a "neutral" rating on the stock. Finally, Canaccord Genuity Group upped their price objective on shares of Intuitive Machines from $21.00 to $21.50 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $16.06.

Intuitive Machines Profile

Intuitive Machines, Inc designs, manufactures, and operates space products and services in the United States. Its space systems and space infrastructure enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the moon. The company offers lunar access services, such µNova, lunar surface rover services, fixed lunar surface services, lunar orbit delivery services, rideshare delivery services to lunar orbit, as well as content sales and marketing sponsorships; and orbital services, including satellite delivery and rideshare, satellite servicing and refueling, space station servicing, satellite repositioning, and orbital debris removal.

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